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Graña y Montero S.A.A. (GRAM)

NYSE:GRAM

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Graña y Montero S.A.A. To Contact The Firm Before Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Graña y Montero S.A.A. (“Graña y Montero” or the “Company”) (NYSE:GRAM) of the April 28, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased Graña y Montero American Depositary Shares (“ADSs”) between April 30, 2014 and February 24, 2017 (the “Class Period”).  The case, Valencia Peralta v. Grana y Montero S.A.A. et al, No. 2:17-cv-01105 was filed on February 27, 2017, and has been assigned to Judge Joan Marie Azrack.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company was aware that its Brazilian partner, Odebrecht S.A., paid bribes to former Peruvian President Alejandro Toledo to win construction work on a road traveling from Peru to Brazil; and (2) as a result, the Company’s statements about the its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis.

Specifically, on February 24, 2017, Reuters published an article highlighting a report that the Company knew about $20 million in bribes paid to former Peruvian President, Alejandro Toledo.

On this news, Graña y Montero’s ADS price fell from $5.09 per share on February 23, 2017 to a closing price of $3.32 on February 24, 2017—a $1.77 or a 34.77% drop.

Take Action

If you invested in Graña y Montero ADSs between April 30, 2014 and February 24, 2017 and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Graña y Montero’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Graña y Montero S.A.A. (GRAM)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 03/15/2017

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